USDCHF Analysis – October 2, 2010
USDCHF remains in downtrend from 1.1730 and the fall extends to as low as 0.9708 level. Further decline is still possible next week and next target is at 0.9634 (2008 low). Resistance is at 1.0000, as long...
Month: October 2010
USDJPY Analysis – October 2, 2010
USDJPY stays in a trading range between 82.87 and 85.92, and is now facing the previous low support at 82.87, a break below this level will indicate that the downward movement from 94.98 has resumed, then deeper...
AUDUSD Analysis – October 2, 2010
AUDUSD’s rise from 0.8771 extends to as high as 0.9749. Supports are at 0.9620 and 0.9550, as long as these levels hold, uptrend could be expected to continue and next target is at 0.9849 (2008 high).
GBPUSD Analysis – October 2, 2010
GBPUSD’s bounce from 1.5296 extended to as high as 1.5921. Further rise to test 1.5997 previous high resistance is expected next week, a break above this level will indicate that the uptrend from 1.4230 has resumed, then...
EURUSD Analysis – October 2, 2010
EURUSD continues its upward movement from 1.2587 and the rise extends to as high as 1.3792 level. Further rise is still possible next week and next target would be at 1.4000 area. Support is at 1.3495, as...
Palladium In Depth
The metal continues trading within the main ascending channel over medium term basis, and lately it breached the neckline for a continuation bullish pattern at 560.00 signaling that trading is to continue within the ascending channel.Â
Major Currencies’ Morning Report 01/ October /2010
EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
Flurry of US Economic Data Impacts Forex Market
The end of the month brought a volatile trading day as US GDP and weekly unemployment numbers were released. Irish Banking woes continue to weigh on the markets but failed to slow a strong month for equities.
Crude Oil Morning Report 01/ October /2010
Crude inclined as expected yesterday and currently consolidating above 80.00 areas. We have mixed signals on the chart above, where crude breached the 76.4% Fibonacci correction and approaching the resistance for the ascending channel structuring the current...
01 Oct Daily Analysis on EUR, GBP, CHF, AUD & CAD
01 Oct Daily Analysis on FXClick to view larger image: